2014 Investments Thread (housing, franchises, startups, etc)

Let's not make this into another stock thread as one already exist. To those of you, like me, who are seriously interested in making more or growing their capital outside stocks I want to hear your thoughts. Are you looking to bring a product to the market or sell a service this is the very question I ask myself daily.

BOOK:The Millionaire Fastlane by MJ DeMARCO
 
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Millionaire Fastlane is an oxymoron, unless it says 'write a song' or 'learn to catch. '

Wise [thoughtout,researched] investments
Steady growth
Having more coming in then you dish out
Different sources of income
Diversify
Take risks
Know when to hold em, know when to fold em, know when to walk away.
WORK HARD

Anything I miss?
 
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am1x90xnike said:
Millionaire Fastlane is an oxymoron, unless it says 'write a song' or 'learn to catch. '

Wise [thoughtout,researched] investments
Steady growth
Having more coming in then you dish out
Different sources of income
Diversify
Take risks
Know when to hold em, know when to fold em
WORK HARD

Anything I miss?
Click to expand...

Not even close lol
 
For whoever was doubting the tesla stuff....it is a simple matter of belief in economics. Sure, there will be random no name companies that are better investments. Out of the big name.companies though i see tesla being the chosen one. Right now they r a big fish in a small point. In ten years they will likely be a medium fish in an ocean. That sort of industry growth is what im banking on. Couple that with their innovation and consistent focus on efficiencies and they r a lock to me. Im a finance guy and even i kno that current financials are meaningless. Financials only matter when a company is in a freefall and u need to get out.
 
I personally don't trust the market enough to be forward thinking like that and to hold something through its possible volatility (instead of trading it). TSLA has one of the better CEOs in the world. If I could invest directly in him and his endeavors, I'd do that blindly because I know he's got the right ideas. Selling cars is tough when disposable income decreases each year, inflation rises and subprime loans rear their heads. I'm really not a fan of the car sector, but obviously you're buying TSLA for the technology. Like I said, I just wouldn't use the long and strong old Wall mentality with TSLA without managing risk along the way. I know from experience how it is getting loose with a stock with a decent future. You could have the right idea, but when that sum***** tanks 10-15 points for no reason and you're sitting their bag holding instead of being stopped out (after a point let's say) and reentering, that **** sucks.

That Gigafactory could be big though and I like that Elon is trying to create jobs by opening factories in America. I personally, would love to get in on SpaceX. I love outer space and I think that's a decent avenue of potential. Used to follow ORB a couple of years ago but never traded it. Jumped 20 points sitting on my watch list over the past two years.

Edit: I just wanna clarify, I'm not bearish on TSLA, but you never know with this market. If it wants to sell off, it ******* will and it will do it viciously because that's how things are after you've been on the tear we've been on. TSLA should keep trending upward over time, but haircuts are always possible. Just look at DDD. I know some smart people that love the stock and its future, but I couldn't deal with that 50% haircut it just took unless I at least hedged my position with puts. Just wanna make sure folks know that the market doesn't care about us and will move in the direction it needs to move so you should always have a plan and risk in mind, regardless of your timeframe.
 
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I think there will be much better buying opportunities for the tesla stock. Wait until there is a lot of blood in the markets and buy when everyone is selling. That is when fortunes are made. That is not now. Look at the investment buffet made in BAC and GS in 2009. He made a killing. Could I be wrong absolutely
 
That contrarian viewpoint :pimp:

I've got a website in mind (already purchased domain name) that I'm looking to develop into a media outlet. Gotta refine everything still, but the idea is getting there. Anyone have experience with their own website and reaching out to a wide variety of people? Sort of like an investment in oneself I guess.
 
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JohnnyRedStorm said:
That contrarian viewpoint :pimp:

I've got a website in mind (already purchased domain name) that I'm looking to develop into a media outlet. Gotta refine everything still, but the idea is getting there. Anyone have experience with their own website and reaching out to a wide variety of people? Sort of like an investment in oneself I guess.
Click to expand...





Maybe you should reach out to Meth for some knowledge on starting a site I'm sure he can help or point you in the right direction.
 
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That's actually a pretty good idea that never crossed my mind. Thanks, I'll send him a PM when I get a chance.

NT's already helped me track down a designer (I'll pm you when I have more structure Wiz), it's funny how useful this place could be sometimes.
 
i have a business idea that revoles around niketalk and would probably be of much benefit to many niketalkers but i just have to find a way to fund it so i can bring it to you guys.
 
How to start a successful company.

1. Join one that is already starting up.

or

1. Start one and recruit the right people are you.
2. Put together on a minimum budget a MVP (minimum viable product).
3. Show traction (people liking it, someone buying it, document everything).
4. Use the webz and startup events to meet people to fund your idea.

Bonus tip: Ideally your team consists of the idea/big picture guy, the developer, and a content writer/marketer. It is tough these days to get going without the developer guy. So, for anyone interested in the startup world you should definitely consider spending 2 years and self learning web development.

I'd suggest: teamtreehouse.com

I'm about to receive my master's in finance but my job doesn't start until 2016 (I had them delay the offer for 1 year so I can have some free time). I'll be studying for the CPA + teamtreehousing. I don't think I can handle being in audit forever...maybe 2 or 3 years.
 
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